Strong trading volume pushed XRP past resistance, but sellers emerged around $1.16, leading traders to monitor whether the previous resistance can hold as support.
By Shaurya Malwa Jul 6, 2026, 5:15 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP managed to surpass the significant $1.14 resistance on strong trading volume, but faced a pullback, turning this level into a vital support test.
- Despite a ninth consecutive week of net inflows into XRP spot ETFs, most holders are still at a loss, with 30-day and 365-day MVRV around -45% and -47% respectively.
- Traders are focusing on support levels between $1.14 and $1.145, while resistance is seen at $1.155 and subsequently at $1.17 to $1.20 to assess if this trend can sustain itself.
XRP successfully broke above the $1.14 resistance that had limited previous upward movements, yet the advance did not seamlessly transition into the next resistance range. The token reached as high as $1.158 on strong trading volume before encountering selling pressure, which caused a retreat to approximately $1.146, initiating a critical test of whether this former resistance can now serve as support.
Background Information
• XRP spot ETFs have seen net inflows for the ninth week in a row, accumulating $17.19 million despite overall market volatility.
• The anticipated timeline for the CLARITY Act was disrupted as the Senate adjourned without voting, delaying potential regulatory developments.
• According to Santiment data, XRP's 30-day MVRV is around -45%, and its 365-day MVRV is close to -47%, indicating that a majority of holders remain at a loss in both short and long terms.
• Analysts have noted improvements in technical indicators, such as a break in the 4-hour downtrend, bullish divergence, and the potential for an Elliott Wave advance.
Summary of Price Movements
• Over a 24-hour period, XRP increased from $1.1344 to $1.1454, marking a gain of 2.87%.
• The breakout occurred at 22:00 UTC on July 5, with trading volume reaching 81.89 million XRP, significantly surpassing the 24-hour average by approximately 207%.
• This surge propelled XRP from $1.1356 to $1.1594 within two hours, successfully overcoming resistance around $1.1400.
• However, sellers appeared near $1.158, resulting in a pullback toward $1.146 and breaching the short-term support level of $1.150.
Technical Insights
• A significant development was XRP clearing the $1.1400 resistance on robust volume, establishing this level as the primary support area to monitor.
• The subsequent pullback from $1.158 does not negate the breakout but indicates continued selling activity before reaching the $1.17-$1.20 resistance zone.
• The 60-minute chart showed some weakness as XRP failed to regain $1.155, creating a tighter range between $1.145 and $1.151.
• The overall short-term structure remains positive as long as XRP stays above the breakout level near $1.14.
• A decisive drop below $1.145 would weaken the upward movement and redirect focus to $1.142 and then $1.133.
Key Focus Areas for Traders
• The $1.1400-$1.145 range is crucial support following the breakout.
• Resistance is first seen at $1.155 after multiple unsuccessful attempts to reclaim this level.
• The $1.17-$1.20 zone is the next significant area that bulls must surpass for continued movement.
• A breakthrough above $1.20 would shift attention to the $1.29-$1.30 area, where previous breakdown levels exist.
• Until XRP successfully clears $1.155 and then $1.17, the market is positioned as a breakout-test scenario rather than confirming a trend shift.
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